The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound for all forms of legal transactions.
The apex bank gave the assurance on Monday in a statement issued by its Acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali, following certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.
It clarified that like all other regulated institutions, the institution referenced in these reports was held to stringent regulatory requirements, adding that there is no cause for concern regarding the safety of depositors’ funds.
The CBN affirmed that it shall continue to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision to ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.
The apex bank’s management urged the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.
It assured: “The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds. It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.”
